Cambridge House For Inner Peace Inc
- Assets
- $319.2k
- Revenue
- $324.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-2309583
Organization Overview
Cambridge House For Inner Peace Inc is located in Cambridge, MA. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Cambridge House For Inner Peace Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge House For Inner Peace Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cambridge House For Inner Peace Inc generated $324.7k in total revenue. All expenses for the organization totaled $234.5k during the year ending 12/2023. While expenses have increased by 74.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAMBRIDGE HOUSE OF INNER PEACE ("PEACE HOUSE") IS DEDICATED TO THE STUDY AND PRACTICE OF BUDDHISM, TO SUPPORTING INTERRELIGIOUS COMMUNICATION AND CULTURAL EXCHANGE, AND TO CREATING CONDITIONS WHERE INDIVIDUAL AND COLLECTIVE PEACE, CONNECTION, AND DISCOVERY CAN FLOURISH. IT HOUSES TWO RESIDENT SRI LANKAN THERAVADA MONKS WHO OFFER WEEKDAY CHANTING AND MEDITATIONS. ALL ARE WELCOME TO JOIN - BEGINNERS AS WELL AS EXPERIENCED PRACTITIONERS. PEACE HOUSE ALSO OFFERS WEEKLY DHAMMA TALKS, SILENT RETREAT DAYS, AND OTHER SPECIAL EVENTS. IN ADDITION, PEACE HOUSE REGULARLY MAKES ITS SPACE AVAILABLE TO HOST COMMUNITY PRACTICE GROUPS. SITUATED IN THE BUSY HEART OF CAMBRIDGE, MASSACHUSETTS, PEACE HOUSE SERVES AS A SACRED SPACE OF REFUGE AND RESPITE FOR THOSE SEEKING TO CULTIVATE INNER AND OUTER PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT MONKS OFFER WEEKDAY CHANTING AND MEDITATIONS, WHICH ARE WELCOMING TO BEGINNERS AS WELL AS EXPERIENCED PRACTITIONERS. MONKS ARE ALSO AVAILABLE FOR 1:1 SPIRITUAL COUNSELING APPOINTMENTS. ESTIMATED NUMBER OF PERSONS BENEFITED WAS 450 IN 2023.PEACE HOUSE ALSO OFFERS WEEKLY DHAMMA SHARINGS, SILENT RETREAT DAYS, AND OTHER SPECIAL EVENTS. WITH PEACE AND LOVING KINDNESS AT THE HEART OF ALL WE DO, WE WELCOME FOLKS OF ANY SPIRITUAL OR RELIGIOUS TRADITION, NO TRADITION, AND MULTIPLE TRADITIONS. ESTIMATED NUMBER OF PERSONS BENEFITED WAS 600 IN 2023. PEACE HOUSE ALSO PROVIDES EDUCATIONAL MATERIALS SUCH AS PUBLICATIONS AND CONTENT ON THE INTERNET. ESTIMATED NUMBER OF PERSONS BENEFITED WAS 500 IN 2023.IN ADDITION TO THE IN-HOUSE EVENTS OFFERED BY OUR RESIDENT MONKS, PEACE HOUSE ALSO REGULARLY MAKES ITS SPACE AVAILABLE TO HOST SEVERAL COMMUNITY PRACTICE GROUPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farley Urmston Director | Trustee | 0.5 | $0 |
Kristyn Willis Director | Trustee | 0.5 | $0 |
Charles Urmston Director | Trustee | 0.5 | $0 |
Charlie Hallisey Director | Trustee | 0.5 | $0 |
Judy Beals Director | Trustee | 1 | $0 |
Karl Bandtel Chair & Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,240 |
| Total Program Service Revenue | $6,451 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,690 |
| Compensation of current officers, directors, key employees. | $64,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,468 |
| Payroll taxes | $14,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,273 |
| Fees for services: Accounting | $1,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,638 |
| Advertising and promotion | $0 |
| Office expenses | $9,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,071 |
| Travel | $2,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,770 |
| All other expenses | $0 |
| Total functional expenses | $234,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $319,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $319,173 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $319,173 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $319,173 |